tax question 投稿者: Nadja Leonard
|
I am a New York-based translator who recently completed a project for an Italian-based agency. They plan to wire payment into my U.S. bank account and have asked me how to handle deducting taxes.
How do U.S. translators handle paying taxes when working with non-U.S. based agencies?
Thanks. Nadja | | | Nothing gets deducted | Feb 11, 2003 |
What taxes are they talking about? I am also US-based and work for customers abroad. I pay quarterly estimated income taxes to my state and the IRS. This gets squared up at the end of the year (i.e. if I made more money than estimated, I pay the difference I owe in taxes). I am not sure what taxes they think need to be taken out. If you are a US citizen resident in the US, you certainly don\'t owe any Italian taxes. | | | Nadja Leonard 米国 Local time: 15:31 2004に入会 ドイツ語 から 英語 + ... TOPIC STARTER Thanks Daina | Feb 11, 2003 |
Daina,
Thank you for your reply. I\'m not sure what taxes they are talking about. The Italian agency asked me \"how I usually handle the issue of taxes when working with foreign agencies.\"
I am a US citizen and US resident. I\'ll ask them to send me full payment, and then declare the money to my tax accountant in April.
Thanks again for your reply.
Nadja
Quote:... See more Daina,
Thank you for your reply. I\'m not sure what taxes they are talking about. The Italian agency asked me \"how I usually handle the issue of taxes when working with foreign agencies.\"
I am a US citizen and US resident. I\'ll ask them to send me full payment, and then declare the money to my tax accountant in April.
Thanks again for your reply.
Nadja
Quote: On 2003-02-11 15:41, Daina wrote: What taxes are they talking about? I am also US-based and work for customers abroad. I pay quarterly estimated income taxes to my state and the IRS. This gets squared up at the end of the year (i.e. if I made more money than estimated, I pay the difference I owe in taxes). I am not sure what taxes they think need to be taken out. If you are a US citizen resident in the US, you certainly don\'t owe any Italian taxes.
▲ Collapse | | | I can tell you about Spain... | Feb 14, 2003 |
and as far as the European tax legislation is more or less the same in that matters, I\'m almost sure that Italy is not different (by the way, I worked once for an Italian agency):
Probably, the tax authorities at Italy will ask them to produce a certificate that you pay taxes in US (\"Good compliance\" from IRS; I believe that\'s the name), in order to avoid double taxing.
Send it and keep a copy for yourself, just in case.
And that... See more and as far as the European tax legislation is more or less the same in that matters, I\'m almost sure that Italy is not different (by the way, I worked once for an Italian agency):
Probably, the tax authorities at Italy will ask them to produce a certificate that you pay taxes in US (\"Good compliance\" from IRS; I believe that\'s the name), in order to avoid double taxing.
Send it and keep a copy for yourself, just in case.
And that\'s all. As an American taxpayer, you\'re exempted from Italian VAT and direct taxes.
Best regards,
Emilio
[ This Message was edited by:on2003-02-14 16:05] ▲ Collapse | | | To report site rules violations or get help, contact a site moderator: You can also contact site staff by submitting a support request » tax question Protemos translation business management system | Create your account in minutes, and start working! 3-month trial for agencies, and free for freelancers!
The system lets you keep client/vendor database, with contacts and rates, manage projects and assign jobs to vendors, issue invoices, track payments, store and manage project files, generate business reports on turnover profit per client/manager etc.
More info » |
| TM-Town | Manage your TMs and Terms ... and boost your translation business
Are you ready for something fresh in the industry? TM-Town is a unique new site for you -- the freelance translator -- to store, manage and share translation memories (TMs) and glossaries...and potentially meet new clients on the basis of your prior work.
More info » |
|
| | | | X Sign in to your ProZ.com account... | | | | | |